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Thursday, October 1, 2015

Singapore benchmark Straits Times Index (STI) opened at 2,800.54 points, up 9.65 points or 0.35 per cent, after USstocks gained the previous night and ahead of the release of China's official purchasing managers' index (PMI) data, amanufacturing gauge and ended 11.51 points or 0.41% higher to 2772.36. STI came off from its intra-day peak of2799.80 and low of 2772.36 Top LosersScrip NameCMP%changeNOBLE0.41-1.2KEPPEL CORP6.72-0.88SEMBCORP

MARINE2.27-0.87UOL5.96-0.83JARDINE C&C26.82-0.74Singapore stocks posted gainsmidday on better-than-expected economic data out of China. China's official Purchasing Managers' Index climbed to49.8 in September, compared with a median estimate of 49.7 in a Bloomberg poll, as well as an August reading of49.7.

LOCAL BOURSESingapore home prices dropped for an eighth quarter, matching the longest losing streak in 13 years, as tightermortgage curbs cooled demand in Asia's second-most expensive housing market.An index tracking private residential prices fell 1.3% in the three months ended Sept. 30 from the previousquarter. The slump was the most since June 2009, in the aftermath of the global financial crisis.

Market forecast:STI is expected to be positive tomorrow as China's official Purchasing Managers' Index has come better thanexpected. STI has the support level of 2778. STI has its resistance at 2828. If it breaks this level it might go up to 2860.Investor sentiments are still cautious over the early rate hike of U.S. by FED.

Tuesday, September 29, 2015

SINGAPORE'S benchmark Straits Times Index opened on Tuesday morning
at 2,754.35 points, down 1.35 per cent or 37.57 points, at 9.03am.

The decline echoed Monday sell-offs in the US and Europe, along with falling commodities prices.Some 65.8 million shares worth S$78.2 million changed hands. Gainers outnumbered losers 20 to 141.Top stocks traded by value were DBS, ST Engineering, Singtel, UOB and OCBC. All opened lower.